The closing price of a share, bond, option, or futures contract is the last trading price before the exchange or market on which it is traded closes for the day. However, the opening price at the start of the next trading day may be different from the closing price the day before. When a security is valued as part of an estate or charitable gift, its value is normally set at the closing price on the day of the valuation of the estate.
The price at which transactions are made just before the close on a given day. A number of transactions are often made at this time and they will be included over a range of prices. See also closing range.
"The closing price of a security traded on CASE is the weighted average price which is equal to the total value traded of the security divided by the total volume traded of the same security, provided that the security trades at least 100 shares in the daily trading session. In case the security trades less than a 100 shares, yesterday's closing price is considered today's closing price."
The price at which the final transaction in a security took place on a particular business day. Share prices are quoted daily in the financial pages of leading newspapers and show opening, high, low and last sale (closing) prices, plus net change from the previous day.
A mutual fund's closing price, or net asset value (NAV), calculated at the end of each business day, set at 4:00 p.m. EST or EDT, based on the New York Stock Exchange closing. Also refers to the last trading price of a stock when the market closes.
The last price paid for a commodity on any trading day. The exchange clearinghouse determines a firm's net gains or losses, margin requirements, and the next day's price limits, based on each futures and options contract settlement price. If there is a closing range of prices, the settlement price is determined by averaging those prices. Also referred to as settle price.